With the complexities of real estate operations, owner / operator organizations must be structured efficiently with the right procedures and processes in place. Organizational structure is critical whether you are a property management specialist or a vertically integrated firm with multiple service lines.
JDF can offer detailed feedback on how your organizational operations are contributing to or detracting from your end product. Many of these concepts are relevant and impactful for any organization, but take on unique importance for owners / operators because of the inherent intricacies of real estate.
Areas of focus:
Organizational structure
Human capital assessments
Policies and procedures
Interdepartmental communication
Expense management
Accounts payable / receivable
In-house vs. vendor responsibilities
Hiring and training practices
Use of available technology
Budgeting and variance reporting
Data measurement